TAMAN MELATI (P/L 1591)

Area Intelligence

2023

Median Price

RM 160,000

PSF: RM 177

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Residential PSF Trends

Median Price

RM 160,000

PSF: RM 177

TAMAN MELATI (P/L 1591) in Kuala Langat, Selangor recorded 3 subsale transactions in 2023, with a median price of RM 160K and a median price per square foot (PSF) of RM 177.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 160K, with most transactions falling within a stable range of RM 150K to RM 160K, and a typical market range of RM 140K to RM 160K.

Most transactions involved low-cost house, with minimal variety in property types.

For price per square foot, the median is RM 177, with most transactions between RM 166 and RM 188. The usual range is RM 124.50 to RM 229.50, showing that most units are priced quite close to each other. With an IQR of RM 105.00 and MAD of RM 11, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MELATI (P/L 1591), Kuala Langat, Selangor

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